Business confidence fell slightly among Japan's largest manufacturers for the fourth straight quarter, a closely watched Bank of Japan survey showed Wednesday.. Among large non-manufacturers, business confidence improved to 19 from a previous reading of 14, the Tankan showed.
A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions expected to bring a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday.. While China's zero-Covid policy has battered its economy, "the easing of restrictions is going to create some difficulties over the next months" as well, Georgieva said.
A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions bringing a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday.. While China's zero-Covid policy has battered its economy, "the easing of restrictions is going to create some difficulties over the next months" as well, Georgieva said.
Sam Bankman-Fried has had a dizzying fall from top of the heap in the world of cryptocurrencies to staring down a hefty jail sentence on a raft of fraud charges.. "I didn't ever try to commit fraud on anyone," Bankman-Fried told a New York Times conference on November 30.
Indian mobile payments giant Paytm will launch a share buyback, it said Tuesday, offering investors little more than a third of what they paid just over a year ago in the country's then-biggest IPO. Paytm's shares have nosedived 75 percent since its $2.5 billion flotation in November 2021, demonstrating the risks of overpriced share offers in loss-making tech firms.. But the shares nosedived 27 percent on their first day of trading due to concerns about losses, dropping further in subsequent months before settling to trade at a quarter of their IPO value.
US prosecutors slapped disgraced cryptocurrency tycoon Sam Bankman-Fried with multiple criminal charges on Tuesday for massive fraud as he built his FTX crypto empire.. The criminal charges, made by federal prosecutors in New York, pose the greatest legal peril for Bankman-Fried who risks a long jail sentence given the billions of dollars amounts involved.
US central bankers started a two-day policy meeting Tuesday, with all eyes searching for clear signs that decades-high inflation in the world's biggest economy is definitively slowing.. A Fed spokesperson confirmed the policy-setting Federal Open Market Committee (FOMC) started its meeting as scheduled on Tuesday, and it is scheduled to announce its decision on Wednesday afternoon.
Wildfires that scorched across Europe this year burned a record land area and stoked carbon emissions, according to an update released on Tuesday by Europe's forest fire and satellite monitors. . Huge fires that raged across Spain and France meant that the countries saw the highest carbon emissions from June to August since the satellite monitor's records began in 2003.
US consumer inflation eased in November, according to government data released Tuesday, bringing some relief to policymakers with the smallest annual increase in nearly a year.. Prices ticked up 0.1 percent from October to November, a smaller-than-expected increase after a prior 0.4 percent jump, the latest data showed.
US consumer inflation eased in November, according to government data released Tuesday, bringing some relief to policymakers with the smallest annual increase over the past year.. Prices ticked up 0.1 percent from October to November, a smaller-than-expected increase after a prior 0.4 percent jump, the latest data showed.
